3929 W 242nd Street, Torrance, CA 90505

Torrance
Local realty services provided by:ERA North Orange County Real Estate
3929 W 242nd Street,Torrance, CA 90505
$15,500,000
  • - Beds
  • - Baths
  • 36,096 sq. ft.
  • Multi-family
  • Active
Listed by: tyler leeson
Office: marcus & millichap re invest949-419-3200
MLS#:OC26180225
Source:CRMLS

Price summary

  • Price:$15,500,000
  • Price per sq. ft.:$429.41

About this home

The Palms is a 48-unit multifamily investment opportunity located at 3929 West 242nd Street in Torrance, California. Built in 1961, the property sits on a 1.03-acre lot and features approximately 36,096 net rentable square feet, with apartment buildings arranged around spacious interior courtyard areas. The Palms features a garden-style layout, with apartment buildings oriented around interior courtyards that provide residents with shared outdoor space. The site also accommodates common area circulation, resident amenities, and a substantial covered parking component within the property’s 1.03-acre footprint. The unit mix consists of 38 one-bed/one-bath units, 6 two-bed/one-bath units, and 4 two-bed/two-bath units. This composition provides a strong base of one-bedroom floor plans while also including a selection of larger two-bedroom units. Current ownership has extensively renovated 8 units with luxurious finishes. The property features a swimming pool, clubhouse, gated access, two...

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Home facts

  • Year built:1961
  • Listing ID #:OC26180225
  • Added:1 day(s) ago
  • Updated:August 18, 2026 at 01:30 AM

Rooms and interior

  • Living area:36,096 sq. ft.

Structure and exterior

  • Year built:1961
  • Building area:36,096 sq. ft.
  • Lot area:1.03 Acres
  • Lot Features:Lot Over 40000 Sqft

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$15,500,000
  • Price per sq. ft.:$429.41

Features and amenities

  • Pool features:Community

Parking

  • Total parking spaces:50
  • Parking description:45 Carport Space(s)
  • Garage:Yes
  • Garage spaces:3
  • Carport spaces:45
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